Overview of the international chemicals industry

Given the trends in the international chemicals industry, it is safe to assume that uncertainty is undoubtedly the sector’s new normal. Although the global industry has in the past decade swung between good times and bad, most recent trends seem to highlight that it will, at least in the short term, be unlikely to return to the robust profitability experienced in previous decades. There are, however, strategic steps that chemicals companies can take to improve growth and profitability and most notably this includes capturing value over volume.